Toronto, Ontario – (Newsfile Corp. – April 6, 2021) – Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (“Graph” or the “Company”) is pleased to announce this through its wholly owned ownership enter the cryptocurrency subsidiary Babbage Mining Corp. (“Babbage”) has provided additional capital of CAD 2 million.
The Company invested $ 1,500,000 of its equity capital of $ 1,000,000 in the Polkadot (“DOT Token”) and $ 500,000 in the Cardano (“ADA Token”) on April 5, 2021 to increase its position. The company will receive another announcement to provide the additional $ 500,000 once the job is announced. The company expects additional information to be provided as projects develop and advance through the purchase phases.
Paul Haber, CEO of Graph Blockchain Inc., commented, “The Babbage team has thoroughly reviewed various tokens. We are pleased to announce these acquisitions today to further leverage the company’s ability to drive the crypto acquisitions going forward Build a diversified crypto company within a public company. “
Cardano is a stake-proof blockchain platform created in 2017 by Charles Hoskinson, CEO of IOHK and co-founder of Ethereum. Cardano was designed using peer-reviewed research and real scientific methodology to take into account scalability, interoperability and sustainability. It is an open source network that focuses on the background of academic research and positions itself as the first “third generation” cryptocurrency after Bitcoin and Ethereum. To date, the ADA token is the sixth largest cryptocurrency by market capitalization and one of the most promising smart contract platforms in this area.
The DOT token was created by Dr. Gavin Wood, former CTO and co-founder of Ethereum, creates and enables blockchain networks to work together by stacking other protocols on top of the base layer. It offers a secure solution that is self-managing, easy to update, and easy to scale. Provide a foundation for other protocols to create specialized solutions with a wide variety of features, perhaps most importantly for interoperability between blockchains, including Bitcoin and Ethereum. Across this bridge to Ethereum, it is widely believed that the DOT token has a serious impact on Ethereum’s market share and is currently the fifth largest cryptocurrency by market capitalization.
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About Graph Blockchain Inc.
The company is a blockchain development company that provides high-performance blockchain solutions that include graphical data analysis and consulting services, the implementation of data mining analytics using graphics databases, and speed improvements of blockchain control systems for businesses and government agencies. This includes the Babbage Mining Corp. one that will focus on altcoins, alternative cryptocurrencies to Bitcoin. Graph will be the first publicly tradable Altcoin Proof of Stake (“POS”) miner to generate revenue while providing exposure to multiple top digital assets through market capitalization.
By mining Altcoins through Proof of Stake, Babbage can offer its investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruptions and potential gains that Altcoins represent.
More information about the company can be found at www.graphblockchain.com and www.babbagemining.com.
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